Ritchie Bros. to feature record number of items in unreserved Edmonton
auction

Buyers to find more than 5,300 equipment items and trucks in one convenient location with no minimums

EDMONTON, April 23 /CNW/ - Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world's largest industrial auctioneer, will be conducting a three-day, multi-million dollar unreserved public equipment auction next week at its permanent auction site in Edmonton, AB.

From April 28 to 30, more than 5,300 trucks, construction and agricultural equipment items will be sold to the highest bidders - regardless of price - with no minimum bids or reserve prices. The assortment of equipment featured in the auction will be the largest amount of items available to buyers at the Edmonton site, surpassing even the 5,100 items sold there last September. Items are being added daily to the auction.

"Our Edmonton site last year had a record breaking year, including conducting the largest auction ever in Canadian history, with CAD$93 million in gross auction proceeds on April 28th," said Jake Lawson, Ritchie Bros. Regional Manager. "Edmonton's equipment market is very active right now and this has resulted in us having a record number of items in next week's auction. Buyers will be impressed with the equipment selection and their ability to find what they need in one convenient location."

Next week's Edmonton auction will feature equipment from nearly 700 consignors. Highlights include a major realignment of late model, low hour equipment items for an Edmonton-based rental company. Construction equipment items will be sold on Day 1 (April 28), including 100 hydraulic excavators, 85 crawler tractors, 70 skid steer loaders, 55 wheel loaders and 40 articulated dump trucks. Trucks and transportation items will be sold on Day 2 (April 29), including 150 pick up trucks, 140 truck tractors, 65 dump trucks and water, boom, vacuum, service and flatbed trucks. An assortment of agricultural tractors, combines, balers and a wide variety of farming items will also be sold on Day 2. Trailers, aerial and lifting equipment and forklifts will be sold on Day 3 (April 30).

More than 75 pairs of unused tires for Cat wheel loaders, rock trucks and motor graders will also be sold. Tire brands include Goodyear, Bridgestone, Arctic, and Firestone.

Smaller items and consumer goods will be sold at the auction through the Company's new Timed Auction system. Bids can be placed on the Timed Auction lots online at rbauction.com, through internet kiosks at the auction site, by using free public wireless access at the site or by proxy.

More information about the upcoming Edmonton auction, including full equipment details and photos are available at Ritchie Bros.' new 21-language web site (www.rbauction.com), launched on April 19 at the bauma trade show in Munich, Germany. The new rbauction.com features the world's largest used equipment inventory, largest database of auction results and equipment specifications and delivers more features in more languages than any other equipment auction web site.

    
    Auction details:
    ----------------
        -  Location: Ritchie Bros.' Edmonton auction site at 1500 Sparrow
           Drive, Nisku, AB
        -  Edmonton auction site tel: +1.780.955.2486
        -  Time and date: Wednesday, April 28 to Friday, April 30, 2010.
           Auction start time: 8:00 a.m. daily
        -  Unreserved auction is open to the public; registration to bid is
           free
        -  The auction site is open now for customers to inspect, test and
           compare items
        -  Interested buyers can bid in person at the Edmonton auction site,
           online in real time at rbauction.com or by proxy
        -  More information about the auction, including full equipment
           details and photos, is available at www.rbauction.com
    

About Ritchie Bros.

Established in 1958, Ritchie Bros. Auctioneers (NYSE and TSX: RBA) is the world's largest industrial auctioneer, selling more equipment to on-site and online bidders than any other company in the world. The Company has over 110 locations in more than 25 countries, including 41 auction sites worldwide. Ritchie Bros. sells, through unreserved public auctions, a broad range of used and unused industrial assets, including equipment, trucks and other assets utilized in the construction, transportation, agricultural, material handling, mining, forestry, petroleum and marine industries. The Company maintains a web site at www.rbauction.com and sponsors an equipment wiki at www.RitchieWiki.com.

ATT MEDIA: Photos and other media resources are available for use at http://www.rbauction.com/web/rba/media. Members of the public and the media can follow us on Twitter @RitchieBros

SOURCE Ritchie Bros. Auctioneers

For further information: For further information: Kim Schulz, Manager, Corporate Communications, Ritchie Bros. Auctioneers, Phone: (778) 331-5442 or email kschulz@rbauction.com; Or Jake Lawson, Regional Manager, Ritchie Bros. Auctioneers, Edmonton auction site tel: (780) 955-2486


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